Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee
Department of Industries and Commerce, Government of Rajasthan · Central government
Rajasthan tops up RIPS 2024 interest subsidy and fully reimburses Annual Credit Guarantee Fees for eligible MSMEs setting up, expanding, diversifying or modernising.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
The Department of Industries and Commerce, Government of Rajasthan, operates the "Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee" under the Rajasthan MSME Policy 2024. The scheme has two objectives: generating new employment across Rajasthan, and helping enterprises set up and grow. It does this by extending additional interest subsidies on loans and by reimbursing the annual credit guarantee fee charged on collateral-free loans.
Support under the scheme goes to newly created Micro, Small and Medium Enterprises (MSMEs), as well as to existing units undertaking expansion, diversification or modernisation.
The scheme remains in force until March 31, 2029, giving enterprises a defined window for long-term industrial planning.
The Office of the Commissioner, Industries & Commerce, oversees implementation at the state level. Execution takes place through District Industries & Commerce Centers.
Who can apply
- Eligible business forms
- Private limited company, Limited liability partnership, One person company, Partnership firm, Sole proprietorship
- Udyam registration
- Not specified
- MSME registration
- Not specified
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Rajasthan
- Interest subvention subsidy must already have been sanctioned in the applicant's favour under RIPS 2024. - The beneficiary enterprise must belong to at least one of these categories: - One District One Product (ODOP) enterprises operating in their respective districts. - Enterprises owned by Scheduled Caste (SC), Scheduled Tribe (ST), or women entrepreneurs. - Young entrepreneurs of the state, aged 18 to 45 years, setting up a new enterprise, with a loan ceiling of up to ₹10 crore. - Setting up of new MSMEs, or expansion, diversification, or modernization of existing MSMEs, located in Area Category 3 as defined under RIPS 2024.
How to apply
- **Step 1:** Obtain the application form (Annexure 1.1) either from the official website or through the link provided. - **Step 2:** Complete every mandatory field in the form and enclose self-attested copies of all documents required. - **Step 3:** Send the completed, signed application together with the documents to the General Manager, District Industries & Commerce Centre (DICC), where the loan amount is up to ₹10 crores; where the loan exceeds ₹10 crores, send it to the Commissioner, Industries & Commerce. - **Note:** The application has to reach the authorities within 6 months from the date interest subvention is approved under RIPS 2024. Where a delay occurs, the approval committee may condone it for up to 6 months if valid reasons are furnished.
How applications are assessed
For loans up to ₹10 crores, the District Level Task Force Committee (DLTFC) carries out the review; applications above ₹10 crores go to the High-Level Task Force Committee (HLTFC). The Commissioner of Industries and Commerce, Government of Rajasthan, chairs both committees.
Once approval is granted, an applicant may claim the quarterly subsidy and reimbursement by filing a CA Certificate (Annexure 1.2) with the concerned GM, DICC, who holds the authority to disburse the sanctioned amount.
Frequently asked questions
What is the primary objective of this scheme?
The scheme aims to generate new employment for all sections of society in Rajasthan, while making it easier to set up new enterprises or to expand, diversify and modernise existing MSMEs.
Who implements this scheme?
Implementation rests with the District Industries & Commerce Centres (DICCs) in each district, overseen by the Department of Industries & Commerce, while the Office of the Commissioner, Industries & Commerce, serves as the state-level nodal agency.
What are the main financial benefits provided?
The scheme provides an extra interest subsidy of 0.5% to 2% beyond RIPS 2024 on term loans for plant and machinery, applicable to loan amounts up to ₹50 crore, along with full reimbursement of Annual Credit Guarantee Fees paid to MLIs under CGTMSE for loans under ₹5 crore over seven years.
What is the application deadline?
Under RIPS 2024, you must apply within 6 months of the interest subvention approval; the approval committee may condone a delay of up to a further 6 months if you give valid reasons.
Which categories of entrepreneurs are specifically prioritized?
The scheme gives priority to One District One Product (ODOP) enterprises, those run by Scheduled Caste (SC)/Scheduled Tribe (ST) or women entrepreneurs, and young entrepreneurs aged 18-45 launching new enterprises, for loans up to ₹10 crore.
Sectors
- Msme
- Rajasthan
- Interest Subsidy
- Credit Guarantee
- New Enterprise
- Expansion
- Modernization
Details last verified on 18 September 2026. Source: the issuer's published information.